When Tesla Motors went public earlier this month, Toyota purchased $50 million in new stocks from the company. That was part of a deal agreed to before the IPO. Tesla then turned around and gave $42 million back to Toyota to buy the NUMMI plant in which the electric car company plans to build it’s [...]
Most people know about the Toyota recalls for faulty brakes and accelerator pedals. It’s been all over the news, the CEO of Toyota had to appear before Congress to explain his company’s (supposed) lack of response to this “serious safety concern” and whatever else. Meanwhile, Government Motors has recalled 1.3 million vehicles for a potentially [...]
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